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AAPL Stock: 561.44 ( -3.88 )

Synaptics shares fall on PowerBook news

updated 03:00 pm EST, Mon February 7, 2005

Synaptics shares fall


Following , shares of touch-pad-technology company Synaptics slumped as much as 11 percent. Bear Stearns analyst Andrew Neff cut his price target on the stock after learning the track-pad in Apple's newly revamped line of PowerBook doesn't come from Synaptics. Neff said, in a research note, that "our concern is that TrackPad may signal a change in Apple's strategy whereby in the future Apple may source all of its interface solutions internally." Synaptics currently provides technology for the iPod's click wheel song-scrolling device, as well as for other Apple products.


by MacNN Staff

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  1. garmonbosia

    Fresh-Faced Recruit

    Joined: Aug 2002

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    02/07, 05:02pm | report spam | Reply |

    Payback?

    I wonder if this is payback by Steve for this company going public with a story about it's involvement in the iPod scroll wheel. Not a good idea for a subcontractor to try to take credit for Apple innovations.

  1. just a poster

    Fresh-Faced Recruit

    Joined: Jun 2004

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    02/07, 06:26pm | report spam | Reply |

    Re: Payback

    I wonder if this is payback by Steve

    I wonder if you're not a member of Microsoft's astroturf team. You make it sound as if Apple operates in a matter as evil as Microsoft.

  1. porieux

    Baninated

    Joined: Mar 2001

    0
    02/07, 08:13pm | report spam | Reply |

    um

    I love apple, but they do want to be as evil as ms. At least Steve def does.

  1. Eriamjh

    Addicted to MacNN

    Joined: Oct 2001

    0
    02/07, 08:55pm | report spam | Reply |

    Apple is evil.

    3% evil. Microsoft is 95% evil.

  1. garmonbosia

    Fresh-Faced Recruit

    Joined: Aug 2002

    0
    02/07, 09:50pm | report spam | Reply |

    Huh?

    My original comment was meant to point out that this company screwed up by shooting their mouth off, and seeming to take credit for an innovation that was based on an Apple patent application. They took advantage of Apple's policy of not commenting on things like this in the press. Apples' life blood is innovation. It's the thing that allows them to exist in a M$ monopolized world. Secrecy is crucial to Apple's livelyhood, so they don't take too kindly to subcontractors bragging to the press.

    Oh, and just a poster, neither company is evil. M$ is just mediocre.

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